Accounting

The price paid for the purchase of a business is?

A. credited to cash accounted to cash account and debited to vendor's account B. debited to cash account and credited…

6 years ago

The financial plan of the government for a year is contained in the?

A. analysis book B. gazette C. budget D. vote Correct Answer: Option C C. budget

6 years ago

The value of fixed assets is?

# Land and building 20,000 Stock 5,000 Cash in hand 1,000 Profit and loss b/f 14,000 Rent owing 400 Creditors…

6 years ago

The opening capital is?

# Land and building 20,000 Stock 5,000 Cash in hand 1,000 Profit and loss b/f 14,000 Rent owing 400 Creditors…

6 years ago

The value of current assets is?

# Land and building 20,000 Stock 5,000 Cash in hand 1,000 Profit and loss b/f 14,000 Rent owing 400 Creditors…

6 years ago

The value of current liabilities is?

# Land and building 20,000 Stock 5,000 Cash in hand 1,000 Profit and loss b/f 14,000 Rent owing 400 Creditors…

6 years ago

Into how many types can general-purpose computers be classified?

A. three B. four C. five D. six Correct Answer: Option A A. three

6 years ago

The amount for which a business is sold is?

A. purchase consideration B. premium C. capital reserve D. goodwill Correct Answer: Option A A. purchase consideration

6 years ago

When shares are oversubscribed, the promoters may decide to scale down. When this is done, the shares are issued proportionately?

A. on pro-rate B. at discount C. at par D. at premium Correct Answer: Option A A. on pro-rate

6 years ago

The document authorizing an officer to incur expenditure is known as?

A. virement B. budget C. warrant D. vote Correct Answer: Option C C. warrant

6 years ago